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: using compromise could be forced on president obama? charles: we will hear the term care can down the road. that will one be here over and over again. stuart: you are saying yes. mitt romney could compromise. you are saying obama may be forced to compromise. i see a stock-market rally in either scenario. >> spending is that 20% gdp and the president will work hard to keep it as high as he can. mitt romney will work to bring that into line because he recognizeds the more you spend in the public sector the less you have in the private sector. if you want private sector jobs you got to manage government spending. it is that historical highs. it is much better for the economy that we go to the other scenario. stuart: week romney we have seen in the last couple weeks in the debate, you have watched him. you may have been at some of his speeches. is that the guy you knew? >> absolutely. he is a sophisticated guy. doesn't lose his temper certainly not in public. he is working to figure out how to push the ball down the field. that is the mitt romney i see speaking to us. stuart: did he e
goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little step since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank >> tonight in this election, you the american people reminded us that while our road has been hard, our journey has been long, we have picked ourselves up. we have fought our way back, and we know in our hearts that the united states of america, the best is yet to come. stuart: he said it, you heard it. the best is yet to come. how does another term translate for the economy? the president wants take increases on the wealthy and has more leverage to do that so higher taxes as part of any deal on the fiscal cliff. then there is the point. $16 trillion now going to $20 trillion under the president's plan. ed butowksi is with us. do you agree? more taxes, more debt? >> without question. more taxes means less money to grow, less money to grow for small b
. you can print real u.s. postage for all yo letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailmapicks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> all right. today is back to workday in washington. president obama has his first big meeting on the fiscal cliff since his reelection. and who is he meeting with? union leaders and far left activists. we're scrolling their names on the side of the screen, but you can see richard trumka is there along with the heads of every major union, richard trumka who said this after the president's victory last week. >> it's strongly believed that we should make sure the wealthy should pay their fair share of taxes. they believe we should protect medicare and medicaid and social security benefits from cuts. and voters reject the idea that bringing down t
cuts, maybe. all of this the battle over the fiscal cliff. joining us is arch laugher, former advisor to president reagan and a valued guest on "varney and company". welcome back. >> thank you. lovely to be of value. stuart: i like the word value. >> it is a wonderful word. stuart: we have forgotten the true meaning of value but that is another story. i have been saying throughout the day that i think there may well be a fiscal cliff deal and that deal would be higher taxes now, immediately, promises of spending cuts down the road and according to richard trumka, don't care about the deficit. you go along with that? is that the kind of deal that might shape up? >> it makes sense. frankly republicans have lost heart. they shouldn't have but they have. that is the type of deal you will see happening and you will see a fiscal cliff. i don't like to call it is cliff. i like to call it tax armageddon. of the tax rate on the rich don't you will see a poor performance in 2013. you are going to see it anyway because people have already shifting, out of 2013 into 2012 and it is already baked i
page, please. tell us what you think. who will blink? will a compromise be made? will either side be happy. read some comments on the hour, in the next hour i should say. the dow has dropped more than 400 points since president obama was reelected. that was two days ago. futures are pointed to another down day today. the fiscal cliff looms as we told you. the opening bell is next. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. can youlyric can.aid do this? lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% invisible hearing device. it's tiny. but lyric's not ju about what you can't see. it's about what it can do. lyric can be worn 24/7 for up to four months, without battery changes. incredibly easy to live wit
's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell. the futures suggest we're going be to be down nearly 40 points. of we have this fiscal cliff and it's a deadline, the tax increases and more huge spending cuts it seems like the two sides are on impasse it looks likes it's shifted to entitlement reform or cuts and no serious movements in the negotiations and check the big board, the opening trenddis down and we're looking for a 40 point loss when things get moving. i've always said that green mountain coffee, a great day trader's stock, huge volume in the past, and even more so today, after the company raised its forecast of how much money it's going to make in the future. look at that, nicole, was that 20%? >> oh, my goodness, what a day for green mountain coffee roasters and come out with numbers that beat on t
us now is mark mehlman from the group and coming at you, americans, have we become a nation of takers? >> actually, not. this is still a very great country where we produce a lot of things, the reality is we do have more people on medicaid than we have in the past, who are those people? well, the truth is two third of them are seniors in nursing homes and by and large people passed by any construction their making years. and a third of that money goes to children, who are, who are poor, don't have other kinds of health insurance, so, those are folks not yet in their making years. so, i don't think that really says much of anything, except it does say we have a crisis about long-term care in in country, that we've got to solve and deal with. and food stamps. charles: mark, i've got to jump in here a minute. listen, either you're whistling by the the graveyard or you're not being honest here, these are a gigantic enormous numbers and this is not the america that almost anybody watching the show grew up with. certainly you have to be alarmed by the trend? >> you do have to be alarmed by
't know, wait. there's more. toys "r" us chief told financial times, people should stop on-line shopping because it's bad for the environment. people are so enraptured how cool it is they can order anything and get it brought to their home that they aren't thinking about the carbon footprint of that, the, but that will change. i'm suggesting this could be paving the way for a carbon tax, a global tax on carbon emissions. wait for it? it could be on the way. the middle east remains on the brink. israel has increased targeted attacks in gaza, going after areas where militants are firing rockets into israel, but palestinians say 50 civilians are killed in the last six days of fighting and israelis tanks and ground troops rehe main on the israeli side of the border and this is having some limited impacts on the price of oil this morning, and oil right now is back to $88 a barrel, it's up 1.83, that's a significant rally there. and meanwhile, president obama is in myanmar, formerly known as burma and stated israel's absolute right to defend itself. coming up in the next hour, lt. colonel ralp
't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >> monday, november 5th. too many is one of the most important presidential election ngs years and we still have no clear idea who is going to win. i've got an opinion, but it's just that, it's an opinion. all the polls had the two candidates in a dead heat. president obama has a one point lead and the wall street journal poll. the daily tracking poll a tie. and the abc news poll president obama a one point lead and the biggest spread from pew research. obama 48, mitt romney 45. that's a lot of polls, a lot of numbers, but the big take away at this, the race at this point is too close to call, it's one day away. now to the storm, one week after. there are 1.4 million homes still in the dark across the northeast, that's a very large number. gas lines seem to be easing a little, but the commute into new york
will be joining us, he helped to write the policies,'s no longer with the administration, he hasn't been here for a while, but returning today. here is how it went last time around. >> stuart, my job is not to do spin just bb to be the policy guy. i think this job reports highlights what strengths we've start today develop and highlight the head winds we're facing and need to do more. on the positive side, this is the 9th straight month of private sector job creation. stuart: okay, now, that was two yearsing. will he say the same thing this time around. find out in four minutes and we'll talk with glenn hubbard, mentioned as a possible treasury secretary in a romney administration. all this have is going to come up for you after the opening bell. well, mitt romney has a new chief executive backing him. paul otellini intel, he's on the president's jobs council and he's backing romney. blaming the administration for slow job growth. he box romney's plan to lower corporate tax rates and get rid of certain deductions. to the gas shortage, the biggest metropolitan area in this country is paralyzed
to get. the web site welcome to the u.s. a.gov advertises benefit programs to new immigrants. medicaid, food stamps, housing vouchers and the best of all, mad money, $1,000 a month check for a couple called supplemental security income. so is this the best way to say hello to immigrants? gerri: not great for us because it is our taxpayer money. you wonder why there are more people on food stamps than ever before, this is the reason why. when the government get behind a program like this they sat down with the mexican government to figure out how to do it better. it is astonishing to me this is acceptable. stuart: dave: it used the opportunity, not handouts people came here for. housing vouchers, food stamps and this $1,000 a month mad money. what more do you need? liz: all three of us say immigrants want to come here to work. they have built america. people from all parts of this hemisphere and around the world but missing in the media really dealing with and giving out money and welfare programs, 1 fell in dollars of 83 overlapping programs. i don't think we need to be advertising and
. stupid rule and potentially cost them the gain. houston won 34-31 in overtime. almost half of u.s. kids age 6 greece are asking their parents for and ipad for the holidays according to a survey of kids ages 6-12. does the 6-year-old kid need an idea and? are we spoiling our children? joining us is radio host miriam wallach. even if you had the money you probably wouldn't give each one of the men arrived at. >> no. the highlight of the game was the best. they didn't cover that in the post. talking about these ipads. spoiled children from spoiled adults. there's the power of know when it come that the gift giving. dave: you don't hear no a lot in manhattan. it is an island to itself. oh honey, okay, honey, we will do it. >> i agree with jimenez parents and u.s. a father and me as a mother we need to think as marathon and not as print. dave: i a latin america white from nicaragua and she does not take flak at all. this will not be -- no. >> i have a jewish husband. we are in a similar boat. dave: what about the many ipads. was that a direct assault on parents from apple saying here you go,
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into debt, i don't think that dave will approve and he's going to join us next and of course, we'll bring you the opening bell. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from tdmeritrade. it's just common sense. you know it can be hard to lbreathe, and how that feels. copd includes chronicbronchitis. it's just common sense. youspiriva helps controlto lbremy copd symptomsat feels. by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is thenly once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell yo
of lower tax rate this year. how about selling mansions? luxury homes? are they doing that? joining us this team investment, a frequent real-estate guide on "varney and company". is my basic premise right? are not necessarily just rich people, but money in the housing market selling now, the lower capital gains tax rate? >> not necessarily. real-estate is a case by case situation. to go to your point there are some situations where people are selling off. i had several large companies with both packages, hundreds of homes that they need to get rid of before the end of the year to avoid that. when we are talking about a single family home and the wealthy they understand several things that the general public doesn't and this is why it is so important to have a good real-estate professional and great accountant. stuart: it is a commercial. >> here you go because this is what people don't understand about real-estate. it is leverageable. the wealthy probably have primary and secondary home in a trust and it is not going anywhere. is going to be down to generations and secondly if it is no
an amateur. but first, france's downgrade, that reminded us of this famous movie scene. >> hey, hey! oh! >> count the money, count the money! [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >> all right. we're looking for a very modest drop for the dow industrials at the opening bell today. remember, we were up over 2,000 points yesterday and down maybe, 15, 16 points, finishing ringing and we have housing start numbers coming in and we begin work on, i believe, under 900,000 new homes and best record in four years and that's going for us. other than that, what have we got. we've got a dow jones industrial average, opened slightly lower and i've got the big story and allegations of s
this friday. this holiday week the unions are using their leverage, but they went too far with the twinkie. talks with the bakers union to keep the company alive have failed, hostess is it gone. bakeries closed, 18,500 jobs thereabouts gone. a terror attack inside israel. a bomb on a bus in tel aviv. ten injuries reported. secretary of state clinton is in jerusalem and she goes to cairo today. this is "varney & company," an all star, pre-holiday lineup. here we go.  >> top story. the unions are excertifying maximum pressure right now the at worst possible time. people want to shop and unions are making both difficult. sciu expects more than a thousand marches at los angeles international airport and say the company they work for, a contractor for the airport broke the union and took away health insurance and demonstrating. and protests planned at o'hare in chicago. a new company providing custodial services there, nonunion, protests. and a strike, and another one at the port in portland. and a huge protest planned at one thousand wal-mart stores on friday. workers angry about wages and
on the air and tell us how long you've been waiting in line. we want to hear from you, get it to facebook, place. 8.5 million dollars, that's how much money greg merson gets for winning the world series of poker, the main event. 6600 players put in $10,000 apiece, a huge number considering internet poker is illegal in the u.s. and it's the fifth straight year that the winner was 24 or younger, how about that. five days until the election, a dead heat in the polls, but are all of the polls telling the real story, we're talking about that today. plus, a maker of generators, seeing a boom after sandy, and the stock is up big and checking it when the opening bell rings in a few minutes. first, a look at the human toll that sandy has taken on the devastated jersey shore. >> don't deserve this. and-- everything gone, i've never in ten years had water in my house. stuart: ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 201
campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the president is fully aware as are democrats and anybody realistic. stuart: you make that judgment. >> i am not a fan, by the way, never have been, i thought the fiscal cliff thing was ridiculous in the beginning. no, no
the deficits. stuart: he wants to raise tax rates on income and dividends and profits as well. joining us now, steve is the author of "how rich people think", steve, welcome to the program. good to have you with us, sir. >> hey, thanks, stuart. stuart: my premise is the stock market is way down because a lot of people, rich people in particular, are selling stocks on which they've already made a profit. they sell now, they get a lower tax rate than if they sold next year and took their profit in 2013. what do you say? >> absolutely. this is the time to get out and we're seeing it on the dow, we're seeing it in the different sectors, i mean, people are selling off like crazy and it's the right play. i think. stuart: it's tax driven? >> oh, i think so. yeah, i think it's-- i mean, since the election, it's been like a frenzy and i think we'll see it throughout the rest of the year. stuart: all right, your book is "how rich people think" so you're telling us that they think in terms of reducing the tax bill. is this extended beyond stocks? i hear there's a lot of selling of real estate where you
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Search Results 0 to 20 of about 21